Market Intelligence · MN / Minneapolis

Minneapolis, MN 55447 Housing Market

The typical home in Minneapolis 55447 is valued at $492,919, up 1.9% over the past year. Homes are listing near $449,225 and spending a median of 32 days on market, reflecting steady but measured activity.

Updated September 2026Median value$493K

The median home value in Minneapolis, MN 55447 is $493K as of September 2026, up 1.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Minneapolis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 55447 range

$453K to $532K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 55447 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Minneapolis, MN.

12-month value trend

+1.9% over 12 months

Sep 2025$484K

Low $484KHigh $493K

Sep 2026$493K

The numbers

What is the 55447 housing market like?

As of September 2026

Typical home value

$493K

1.9%YoY

Median list price

$449K

0.2%MoM

Days on market

13.5%MoM

Homes for sale

7.9%MoM

Price cuts

25.8%

15.3%MoM

New listings

16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

55447 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55447 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 55447 rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in 55447?

Zillow's forecast does not call for a drop: it expects typical home values in 55447 to rise 1.3% by September 2027, after a 1.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 55447 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 55447 home prices compare?

55447$492,919
Minneapolis$342,662
Minnesota$298,219
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,262 ZIPs).

Context

Inventory sits at 58 homes for sale, with 30 new listings entered the market in September 2026. Nearly a quarter of all active listings have already seen a price reduction, specifically 25.8% of them. This mix of moderate supply growth and price-cut activity suggests sellers are testing the market carefully. Buyers appear willing to negotiate, and homes are moving in a reasonable timeframe without urgency.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $98,584

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 55447?

The typical home value in 55447 is $492,919, up 1.9% over the past year as of September 2026.

How long do homes take to sell in 55447?

Homes in this area spend a median of 32 days on market.

What share of homes are selling below asking?

About 25.8% of listings have received a price cut as of September 2026.

Discover

Nearby ZIP markets.

Keep reading